UPDATE 2-UK Stocks-Factors to watch on Monday Sept 14

Sept 14 (Reuters) - Britain's FTSE 100 index is seen opening up 47
to 56 points, or 0.9 percent higher on Monday, according to financial
bookmakers, with futures up 0.3 percent ahead of the cash market open.
For more on the factors affecting European stocks, please click on

* Jeremy Corbyn, a veteran left-winger who professes an admiration for Karl
Marx, was elected leader of Britain's opposition Labour party on Saturday, a
victory that may make a British EU exit more likely and which one former Labour
prime minister has said could leave their party unelectable.

* The new leader of Britain's opposition Labour Party named John McDonnell
as shadow finance minister, putting a fellow left-winger in charge of the
party's economic policy.

* A Bank of England policymaker said interest rates need to rise "relatively
soon" as wages pick up, adding to signs that support is gradually building for
the first increase in British borrowing costs since before the financial crisis.
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